Author Archive

Unexpected Benefits of Retirement, Time for Party Preparations

Monday, February 22nd, 2010
Blue box with yellow bow, with gift, low DOF

Last weekend we hosted a 60th birthday party for my husband’s brother. We had invited 25 people all of whom graciously accepted the invitation. This list included surprise guests from California that we had not seen for several years. My husband was worried about me handling all the work and stress of such a large event in our home, but in addition to my husband, I had the best helper available. I did not have to do all the planning, shopping, cleaning, visiting, cooking and airport runs while holding down a full time job. What a relief!

No full time job, what a relief!

It is amazing how smoothly everything went because I had the time to do a task each day and not try to cram all the chores into the Saturday prior to the party. I had the time to go to different stores and compare prices. I could weigh the value of certain products versus their competitors, not just toss stuff into a shopping cart to get done as quickly as possible and get out of the store. I actually left one party store (way too expensive) to check out the local dollar store for comparable items and was greatly pleased that I had done so. I had the time to discuss the food selection and quantity needed with the deli manager at the grocery store and then make changes as the guest list grew. I was able to take three days to clean the house and set up for the party both indoors and out in the backyard. I had time to decorate and make the house festive.

Having the work all done made the party more fun

By the Sunday of the party I was ready. I actually got to visit with my guests and enjoy their company. I was able to get through all the hard work involved (with my husband’s help) and have fun. My husband said it was the most relaxed he had seen me when we’ve hosted a large group. He wanted to know why I was so upbeat when I was dead tired from entertaining.  I told him that no matter what happened on Sunday, I knew I would not have to get up on Monday morning and go to work.  That simple thought made anything pleasurable.

Volunteering Again

Tuesday, February 16th, 2010

Since I have stopped working I have been looking for meaningful ways to help out in the community. My last venture into the volunteer world did not go so well. I was going to participate in the Share-A-Pet project where you bring your pet to visit with the sick and elderly at various health care facilities.  DeeJay, our eight year old Cock-a-Poo, just wasn’t up to the task and my doctor didn’t like the idea of me being exposed to people who were ill.  I know the dog and I both would have enjoyed it, but I guess it was not meant to be.

Working to elect our judicial candidateGold scales and auction hammer. Objects over white

Now my husband and I are going to try a different type of volunteering. We will be working to elect a judicial candidate who is a member of our extended family. The election is in November so we have almost the whole year to help. My husband and I believe that it will be beneficial for us both. We can put our communication and interpersonal skills to a good use, plus make some new friends. The additional benefit is that our son will be able to earn community service credit for helping in the campaign so it will be a winning situation for the whole family. Maybe we can even have DeeJay wear a campaign bandana. With his cuteness factor going for us, we surely will win over a lot of voters.

A new experience plus a good use of our time and skills

Our first meeting is next week. We will get to select how involved we want to be, what tasks we would like to perform and how much time we are able to devote to this endeavor. Hopefully this will be a good use of our time and skills, give our son a hands on experience with government in action and help us all understand the political process a little better.

Learning Financial Restraint After I Stopped Working

Tuesday, February 9th, 2010

Personal Finance. Hand and Coins. Money and fi...

Several weeks prior to the beginning of 2010, I read an article by financial columnist Humberto Cruz of the Chicago Tribune. He stated that if you have never written down your daily expenditures you should try it to see where your money is really going and what better time to start than the beginning of a new year. It was simple. Write down every penny you spend each day (even for a pack of gum), tally the results at the end of each week and total them at the end of the month. The key is to be consistent. I decided to try his plan because since I am no longer working I need to be much more aware of where my money is being spent. I am not referring to monthly recurring bills like my Cobra insurance, but shopping trips to the grocery store, lunches out with friends, visits to the beauty shop, gifts, plus all the little expenses that happen whenever you venture out of the house.

When I had a job, 15% of each pay check went directly into my 401k

I am embarrassed to say that I have never followed a budget. Somehow there was always enough going into my checking account that allowed me to spend what I chose to and still save for my retirement. I was disciplined in putting 15% of my pay into my 401K while working for a major hospital corporation. I invested wisely and benefited from the market boom years. As soon as I was eligible at my last job, I made do with less money each pay period but once again put 15% into a 401K. Now that I am no longer working, I must rely on Social Security and my savings to supplement what I need each month so not only am I interested in knowing where and how my money is being spent, it is imperative.

My new job is to create and follow a reasonable retirement budget

After only one week I was shocked. It is amazing how quickly small amounts add up to large sums. I was living in blissful ignorance. Now that I know I have to write down what I spend I think twice before making any purchases. With retirement comes stricter fiscal responsibility and as I am quickly learning it is tougher than you think.

Unemployed to Retired, Six Months in Perspective

Tuesday, February 2nd, 2010
This is a portrait of a mature businesswoman e...

If someone had told me on January 1st 2009 that I would be retired today I would have thought they were crazy. I began last year feeling very secure in my job. I worked for a very busy medical practice, was a front-line medical assistant, had a great rapport with my patients, the doctors and the staff, was well liked and needed. I envisioned myself working until I was at least 66. I would continue saving money in my 401K further funding my retirement, receive more Social Security money and be eligible for Medicare by that time. My retirement was planned to coincide with our son’s departure to college. Then my husband and I would be free of stay at home responsibilities. We could pack the car, take the dog, and travel for weeks at a time to visit family and friends across the country. We would have the time to explore all the places we had not yet seen or return to our favorite spots. Everything that was planned so perfectly changed when my health forced me to leave a job that I loved, five years before I was ready.

From a nonstop work schedule to a less frantic, full time retirement

My initial transition from full-time employee to stay at home retiree was difficult. I was used to getting a paycheck and employer subsidized health insurance. I had friends at work that were like family. There was a structure and cadence to my days, nights and weekends. While working, everything non-work related needed to be done in limited weekend and evening hours. It was always a struggle to accomplish all the household chores, shopping, cooking, laundry, etc. and still have a little time for relaxation. Friendships often suffered due to lack of time to get together for social occasions. It seemed like it was always Monday again and way too quickly. Yet going to work was a good thing and I missed it.

Experienced employee embraces her busy new retirement “career”

Now after six months of unemployment/retirement I have become adjusted to my new life. There are days when I procrastinate and can be found at the kitchen table still reading the newspaper at 10:00am. I’ve had the time to complete some essential home projects. I have reconnected with the joy of exercise and the benefits it provides me. Writing this blog and cooking interesting meals are meeting my creative needs. My intellectual stimulation is increased by my weekly trips to the library and wonderful conversations with others who share my love of books. I am enjoying getting together with friends for lunch and shopping. I’m still pursuing ways to give back to the community and help those less fortunate. While I miss all the benefits my job provided, I find six months later that I can get along just fine without working. Just as I embraced my job and gave it my all, I now am embracing retirement. Once you give it a chance retirement is wonderful!

Joblessness Causes Brain Fog

Tuesday, January 26th, 2010

Close-up of two keys isolated on white backgroundMonday something happened that ruined half my day. It was one of those small things that occur occasionally to other people, but not to me. I lost my keys! I returned home at 7:30AM from driving carpool having used the keys to drive. Since I am a creature of very well established habits I put the keys and my purse down where I always do, on the hall entryway table. Imagine my shock when we went to go walk the dog and the keys were gone. I could not imagine what happened. I had only been home for half an hour and not gone anywhere but the kitchen. After we returned from the dog walk my husband and I looked everywhere. I even went through the garbage three times. I was frantic. How could they have just disappeared? It wasn’t logical, but I guess sometimes life defies logic.

Does mental agility decrease without an active career?

I was upset because I don’t lose things like keys or phones or anything for that matter. I am the one who finds and knows where everything is in our house. I started to doubt myself. Was my brain going soft on me? Was this a sign? Since I was no longer working was I starting to slip mentally? What had happened to my concentration? I could not visualize anything unusual in my pattern, drop stuff on table and get more coffee. It was a Monday after a holiday weekend and I was extra tired, but that was not a good enough excuse. I kept thinking about the costs, too. The price of replacement keys is not too bad, but the remote opener is very expensive and requires a trip to the car dealership. Not exactly what I want to spend money on, especially at this time of the year.

Experience and maturity told me the keys would turn up

After driving myself crazy for two hours looking inside and out I decided to take a break from my futile search. I rationalized that if I waited 24 hours the keys would turn up. I attempted to distract myself on the computer but could not focus on anything. I really blamed myself for losing my mental edge because I was not working. What else could it be? This had never happened before. At work I was responsible for keys to two different offices. I was obsessive about keys. Now I couldn’t find my own. Frankly, I was scared.

About noon I went out to check for the mail. On my way into the house something made me look at a plant that sits near the entryway table. I gently nudged it and heard the wonderful sound of metal. I turned it upside down and there buried in the beautiful flowers were my keys. They must have slid off the table and into the plant. When I had looked I could not see them because of the flowers. The morning had been a disaster, but the afternoon was a triumph. It wasn’t my fault!